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Are you on the profit side as a crypto trader?
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[QUOTE="Mika, post: 236906, member: 29399"] I am not exactly a crypto trader even though I have done crypto trading a couple of times. I am more of an investor, a long-term investor, to be precise. However, my trading has not been on the losing side until now. I have done three types of crypto trading Arbitrage trading: This is a process to buy crypto on the exchange where it is listed for a lesser price and the sell on the exchange where the same crypto is listed for a comparatively higher price. When you are dealing with a lot of cryptos even 15 cents price difference will earn you a lot of profits. Sometimes this can be risky especially when the trading order takes a long time to execute and the price starts going down on the exchange where you want to sell. Spot Trading: Spot trading is basically exchanging your one crypto with another crypto with an intention of earning profits. Litecoin is a popular payment option because of its small transaction fees and faster transaction speed. However, based on market performance, it is not profitable crypto. Therefore, whenever I receive litecoins, I immediately spot trade with other more profitable coins, BNB for example. I also do P2P trading. [/QUOTE]
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